Market Stats Booklet September 2017 Market Stats | Page 11

Local Market Update – August 2017
LOCAL MARKET UPDATE
August 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of September 14, 2017
CBHomes.com
Northfield
0.0% + 12.5% - 1.9%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
August
Detached Single-Family
New Listings
Under Contract (includes Contingent and Pending)
Closed Sales
Median Sales Price*
Average Sales Price*
Percent of Original List Price Received*
Average Market Time
Inventory of Homes for Sale at Month End
Trailing 12 Months
8-2016 8-2017 + / – 8-2016 8-2017 + / –
7 4 - 42.9% 130 138 + 6.2%
3 6 + 100.0% 66 69 + 4.5%
7 14 + 100.0% 78 62 - 20.5%
$575,000 $705,000 + 22.6% $639,500 $619,500 - 3.1%
$563,500 $965,500 + 71.3% $788,273 $784,545 - 0.5%
90.6% 90.6% 0.0% 92.3% 92.0% - 0.3%
72 122 + 69.4% 104 143 + 37.5%
40 45 + 12.5% -- -- --
August
Attached Single-Family
New Listings
Under Contract (includes Contingent and Pending)
Closed Sales
Median Sales Price*
Average Sales Price*
Percent of Original List Price Received*
Average Market Time
Inventory of Homes for Sale at Month End
Trailing 12 Months
8-2016 8-2017 + / – 8-2016 8-2017 + / –
3 6 + 100.0% 54 49 - 9.3%
3 6 + 100.0% 44 46 + 4.5%
9 4 - 55.6% 48 37 - 22.9%
$282,000 $422,500 + 49.8% $282,250 $227,500 - 19.4%
$308,211 $457,750 + 48.5% $338,769 $299,484 - 11.6%
92.2% 93.7% + 1.6% 92.4% 93.1% + 0.8%
62 72 + 16.1% 93 102 + 9.7%
13 7 - 46.2% -- -- --
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
Change in Median Sales Price from Prior Year (6-Month Average)**
Detached Single-Family
All MLS
Northfield
b
Attached Single-Family
All MLS
Northfield
a
b
a
+ 160%
+ 100%
+ 140%
+ 80%
+ 120%
+ 60%
+ 100%
+ 80%
+ 40%
+ 60%
+ 20%
+ 40%
+ 20%
0%
0%
- 20%
- 20%
- 40%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
- 40%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.
This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
All data from Midwest Real Estate Data LLC. Report © 2017 ShowingTime.